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Kenneth Research recently released a report titled Asia-Pacific Airport Security Market which gives comprehensive insights into the current market environment. The report also offers an in-depth analysis of the market on the basis of size, volume, and compound annual growth rate (CAGR) during the forecast period, i.e., 2022-2031.
The U.S. Market recovers fast; In a release on May 4th, 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Asia-Pacific Airport Security Market products.
The Asia-Pacific airport security markets are going through a major growth period. The airport security markets that were once dominated by North America are now quickly moving to Asia-Pacific with an expected 2015-2020 CAGR of 7.4% (compared to the U.S. CAGR of 4.8%).
According to the report, the Asia-Pacific airport security market growth is boosted by the following drivers:
The fast growth of the Asia-Pacific airport sector (e.g., 2 out of every 3 new airport projects in the world are in mainland China)
The region's global air passenger volume growth
Replacement and upgrades of outdated systems
Growing aftersale revenues
The growing importance of enhanced airport security
Advancements in security infrastructure and screening technologies
The Final Report will cover the impact analysis of COVID-19 on this industry:
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The need to streamline airport security processes and reduce passengers' waiting time
New and maturing sectors and technologies such as automated border control kiosks, cargo screening, cybersecurity, airport perimeter security systems and advanced ICT technologies
The report examines each dollar spent in the market via 3 orthogonal money trails:
By 12 National Markets
Azerbaijan
Kazakhstan
Pakistan
India
China
Taiwan
South Korea
Japan
Singapore
Malaysia
Indonesia
Australia
By 15 Technology Markets:
Baggage & Cargo X-ray Scanners
Security Related ICT & Cybersecurity
Whole Body Scanners (AIT)
Explosive Detection Systems (EDS)
Security Related Baggage Handling Systems (BHS)
Explosives Trace Detectors (ETD)
Metal Detectors
Liquid Explosives Detectors
Shoe Scanners
Workforce ID Documents Screening Systems
Automated Border Control
CCTV & Radar Surveillance
C2/C4ISR Systems
Perimeter Fencing
Multi-modal Security Systems and Other Modalities
By 3 Revenue Sources:
New Product / System Sales
Aftersale Revenues
Planning, Consulting & Training
This Asia-Pacific Airport Security Technologies & Market – 2015-2020 report is a valuable resource for executives with interests in the industry. It has been explicitly customized for industry and urban decision-makers to identify business opportunities, developing technologies, market trends and risks, as well as to benchmark business plans.
Questions answered in this 2-volume 453-page report include:
What will the market size be in 2015-2020?
What are the main Airport Security technology trends?
Where and what are the Airport Security market opportunities?
What are the Airport Security market drivers and inhibitors?
Who are the key Airport Security vendors?
What are the challenges to the Airport Security market?
The Asia-Pacific Airport Security Technologies & Market – 2015-2020 report presents in 453 pages, 94 tables and 177 figures, analysis of current and pipeline technologies and 37 leading vendors. This report, granulated into 51 vertical and horizontal submarkets, provides for each submarket 2013-2014 data and analyses, and also projects the 2015-2020 market and technologies from several perspectives, including:
Business opportunities and challenges
SWOT analysis
Market analysis (e.g., market dynamics, market drivers and inhibitors)
Current and pipeline technologies by 15 technology markets (see list above)
Companies operating in the market (profiles, products and contact info): ADANI, American Science and Engineering Inc., Appealing Products Inc. (API), Auto Clear, BAHIA Corp (Sibel Ltd.), Biosensor Applications, Brijot Imaging Systems, CEIA, ChemSee, DetectaChem LLC, Fisher Labs, Flir Systems, Gilardoni SpA, Hitachi, IBM, Ion Applications Inc., Ketech Defence, L-3 Communications Security & Detection Systems, LIXI Inc., Lockheed Martin, MINXRAY Inc., MilliVision, Mistral Security Inc., Morpho Detection Inc., Nuctech Co. Ltd., QinetiQ Ltd., Rapiscan Security Products Inc., Red X Defense, Scanna MSC Ltd., Scent Detection Technologies, Scintrex Trace, Smiths Detection, Syagen Technology, TeraView, Thermo Electron Corporation, ThruVision Systems, Vidisco Ltd., Westminster International Ltd.
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Recent Asia-Pacific Airports Passenger Security Screening Statistics at the region's airports:
The report provides screening data at each and every Asia Pacific airport segmented by Country. For each country, all the airports with over 100,000 annual screened passengers are presented, including details on the number of screened passengers and the annual growth rate.
For readers who wish to acquire more information: the report includes 4 in-depth appendices:
Appendix A: IATA & ICAO“Checkpoint of the Future”
Appendix B: Airport Passenger Screening Checkpoints
Appendix C: IATA Passenger Growth Forecast
Appendix D: Abbreviations
About Us
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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Mason Mount
Mason Mount is is an energetic and versatile freelance writer for 5 years, he pens down any type of article and web content. He is a Cambridge University Business English Certificate (Europe Level) holder. He is analytical, enthusiastic, and ingenious, with the essence to work variously, strives to emerge as a lucrative individual who has a grasp on market. Congenial Interpersonal skills and the competence to grab every single trivia with foolproof analysis is something he primarily posses.
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